rent

rent

1) v. to hire an object or real property for a period of time (or for an open-ended term) for specified payments. 2) n. the amount paid by the renter and received by the owner. Rent may be specified in a written lease, but also may be based on an oral agreement for either a short period or on a month-to-month basis in which the hiring may be terminated on a month's notice. (See: lease)

rent

the sum or amount agreed in the lease or tenancy agreement to be paid by the tenant to the landlord for exclusive possession of the property leased for the period of the lease. The same term maybe used for the charge for use of moveables such as a motor vehicle.

RENT, estates, contracts. A certain profit in money, provisions, chattels,
or labor, issuing out of lands and tenements in retribution for the use. 2
Bl. Com. 41; 14 Pet. Rep. 526; Gilb., on Rents, 9; Co. Litt. 142 a; Civ.
Code of Lo. art. 2750; Com. on L. & T. 95; 1 Kent, Com. 367; Bradb. on
Distr. 24; Bac. Ab. h.t.; Crabb, R. P. SSSS 149-258.
2. A rent somewhat resembles an annuity, (q.v.) their difference
consists in the fact that the former issues out of lands, and the latter is
a mere personal charge.
3. At common law there were three kinds of rents; namely, rent-service,
rent-charge, and rent-seek. When the tenant held his land by fealty or other
corporeal service, and a certain rent, this was called rent-service; a right
of distress was inseparably incident to this rent.
4. A rent-charge is when the rent is created by deed and the fee
granted; and as there is no fealty annexed to such a grant of rent, the
right of distress is not in incident; and it requires an express power of
distress to be annexed to the grant, which gives it the name of a rent-
charge, because the lands are, by the deed, charged with a distress. Co.
Litt. 143 b.
5. Rent-seek, or a dry or barren rent, was rent reserves by deed,
without a clause of distress, and in a case in which the owner of the rent
had no future interest or reversion in the land, he was driven for a remedy
to a writ of annuity or writ of assize.
6. But the statute of 4 Geo. II. c. 28, abolished all distinction in
the several kinds of rent, so far as to give the remedy by distress in cases
of rents-seek, rents of assize, and chief rents, as in the case of rents
reserved upon a lease. In Pennsylvania, a distress is inseparably incident
to every species of rent that may be reduced to a certainty. 2 Rawle's Rep.
13. In New York, it seems the remedy by distress exists for all kinds of
rent. 3 Kent Com. 368. Vide Distress; 18 Viner's Abr. 472; Woodf, L. & T.
184 Gilb. on Rents Com. Dig. h.t.. Dane's Ab. Index, h.t.
7. As to the time when the rent becomes due, it is proper to observe,
that there is a distinction to be made. It becomes due for the purpose of
making a demand to take advantage of a condition of reentry, or to tender it
to save a forfeiture, at sunset of the day on which it is due: but it is not
actually due till midnight, for any other purpose. An action could not be
supported which had been commenced on the day it became due, although
commenced after sunset; and if the owner of the fee died between sunset and
midnight of that day, the heir and not the executor would be entitled to the
rent. 1 Saund. 287; 10 Co. 127 b; 2 Madd. Ch. R. 268; 1 P. Wms. 177; S. C. 1
Salk, 578. See generally, Bac. Ab. h.t.; Bouv. Inst. Index h.t.; and
Distress; Reentry.

Graham Kinnear, managing director of Landlord Assist, says: "Increased demand for rental accommodation is obviously good news for landlords, but the wider picture is more worrying in that renters, who may have previously envisaged owning a property but have been forced to rent, may not have the finances to maintain rental payments in their retirement.

Our Cardmembers around the country have embraced the benefits of monthly rental payments on the Card," said Kyle Curtin, vice president of Strategy and Business Development, American Express Establishment Services.

The bonds are secured by city of Oakland (the city) and Alameda county lease rental payments for use of the Oakland Coliseum Complex (a 111-acre site which includes the stadium), subject to abatement, and are supported by a covenant to budget and appropriate lease payments annually.

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